Pakistan Launches $1 bn International Bond

Pakistan launched $1 billion international bond. The subscription amount received for the Sukkuk bonds amounts to $3 billion for five, 10 and 30 years.

Pakistan accepts $300 million for five-year bonds at 5.875 percent, $400 million bonds for 10-year bonds at 7.125 percent and $300 million for 30-year bonds at 8.450 percent.

Meanwhile, Finance Minister Shaukat Tarin has gone on a five-day leave for rest, as he remained busy in finalization of budget and then its approval process. Shaukat Tarin got approval for the leave from the competent authority and will resume his job on the coming Monday.

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